Tunisian Energy Defensive Blue Chips

NMBZ Holdings

Market Cap: US$1.9b

Provides various banking products and services to corporate and individual customers in Zimbabwe.

FinecoBank Banca Fineco

Market Cap: €12.7b

Provides banking, credit, trading and investment services in Italy.

Airtel Africa

Market Cap: UK£11.1b

Provides telecommunications and mobile money services in Nigeria, East Africa, and Francophone Africa.

Kerry Group

Market Cap: €12.6b

Provides taste and nutrition solutions.

Olympus

Market Cap: JP¥2.3t

Manufactures and sells medical equipment in Japan, America, the Middle East, Asia, and Oceania.

TS Financial Holding

Market Cap: NT$456.3b

Provides various financial products and services.

bioMérieux

Market Cap: €12.5b

Develops, manufactures, and markets in vitro diagnostic solutions for infectious diseases in France, Europe, Africa, the Middle East, North and South America, the Asia Pacific, and internationally.

Cooper Companies

Market Cap: US$14.3b

Develops, manufactures, and markets contact lens wearers.

Sonova Holding

Market Cap: CHF 11.6b

Manufactures and sells hearing care solutions for children and adults in Switzerland, the United States, rest of the Americas, Europe, the Middle East, Africa, and the Asia Pacific.

Powszechny Zaklad Ubezpieczen

Market Cap: zł52.7b

Provides life and non-life insurance products and services in Poland, the Baltic States, and Ukraine.

Universal Health Services

Market Cap: US$14.2b

Through its subsidiaries, owns and operates acute care hospitals, and outpatient and behavioral health care facilities.

Mapfre

Market Cap: €12.4b

Engages in the investment, insurance, property, financial, and services businesses in Spain.

Eurobank Ergasias Services and Holdings

Market Cap: €12.3b

Provides retail, corporate and private banking, asset management, treasury, capital market, and other services in Greece, Bulgaria, Cyprus, and Luxembourg.

Jiangsu Yanghe Distillery

Market Cap: CN¥100.9b

Offers liquors and wines.

East West Bancorp

Market Cap: US$14.1b

Operates as the bank holding company for East West Bank that provides a range of personal and commercial banking services to businesses and individuals in the United States.

Grupo Financiero Inbursa. de

Market Cap: Mex$259.0b

Provides various financial products and services to individuals and businesses in Mexico.

Power Assets Holdings

Market Cap: HK$109.3b

An investment holding company, engages in the generation, transmission, and distribution of electricity in Hong Kong, the United Kingdom, Australia, and internationally.

Coca-Cola Consolidated

Market Cap: US$14.0b

Manufactures, markets, and distributes nonalcoholic beverages primarily products of The Coca-Cola Company in the United States.

Guangdong Haid Group

Market Cap: CN¥98.4b

Research, develops, designs, produces, sells, and services animal feed products in China and internationally.

WH Group

Market Cap: HK$107.8b

An investment holding company, produces and sells packaged meats and pork in China, North America, and Europe.

Banco Santander-Chile

Market Cap: CL$13.0t

Provides commercial and retail banking products and services in Chile.

Nanya Technology

Market Cap: NT$433.8b

Research, develops, manufactures, and sells semiconductor products in Taiwan, Japan, Malaysia, China, the United States, Thailand, Germany, Singapore, Poland and internationally.

Bankinter

Market Cap: €12.0b

Provides various banking products and services to individuals, corporates, and small- and medium-sized enterprises in Spain, Luxembourg, Portugal, and Ireland.

ASR Nederland

Market Cap: €11.9b

Provides insurance, pensions, and mortgages products and services for consumers, entrepreneurs, and employers in the Netherlands.

Banco Comercial Português

Market Cap: €11.9b

Engages in the provision of various banking and financial products and services in Portugal and internationally.

Bank Polska Kasa Opieki

Market Cap: zł50.3b

A commercial bank, provides banking products and services to retail and corporate clients in Poland.

Smith & Nephew

Market Cap: UK£10.4b

Develops, manufactures, markets, and sells medical devices and services in the United Kingdom, the United States, and internationally.

Santander Bank Polska

Market Cap: zł50.1b

Provides various banking products and services for individuals, small or medium-sized enterprises, corporate clients, and public sector institutions.

Kasikornbank

Market Cap: ฿441.9b

Provides commercial banking products and services in Thailand and internationally.

National Bank of Greece

Market Cap: €11.8b

Provides financial products and services primarily in Greece, Cyprus, North Macedonia, Romania, Bulgaria, Luxembourg, the Netherlands, and the United Kingdom.

Uni-President Enterprises

Market Cap: NT$425.0b

Produces and sells food products in Taiwan and internationally.

Chandra Daya Investasi

Market Cap: Rp225.3t

Operates as an infrastructure investment holding company.

SCB X

Market Cap: ฿439.4b

Engages banking, consumer and digital finance, and platform and technology businesses in Thailand and internationally.

Gjensidige Forsikring

Market Cap: NOK 137.9b

Provides general insurance and pension products in Norway, Sweden, Denmark, Finland, Latvia, Lithuania, and Estonia.

GAIL (India)

Market Cap: ₹1.2t

Operates as a natural gas processing and distribution company in India and internationally.

Brookfield Wealth Solutions

Market Cap: US$13.4b

Through its subsidiaries, provides retirement services, wealth protection products, and capital solutions to individuals and institutions.